#energy-prices

#energy-prices

We want de-escalation because it's the right thing for the Middle East, but we also want de-escalation because of the ramifications of conflict in the Middle East for the rest of the world, including the UK.

"We are much more worried about European gas prices than we are about oil prices."

"Israel's large-scale strikes on Iranian facilities and senior leadership risk triggering a significant Iranian response that could target economic interests across the region..."

"The fall in the price cap is a welcome development and will bring much-needed breathing space for households after a prolonged period of high energy costs..."

According to MoneySavingExpert founder Martin Lewis, the "Trump effect" is helping to drive down wholesale energy prices, which means a small drop in domestic bills is likely this summer.

Experts dismiss claims that net zero policies are to blame for the UK's steel crisis, asserting that energy prices are influenced by broader market fluctuations.

Energy is the biggest area. You need to have good energy [supply], and competitive energy pricing. At this time, when there is a struggle, it would help.

"THE PRICE CAP IS A PANTS CAP GET OFF IT IF YOU CAN - FIX NOW IF YOU HAVEN'T ALREADY. The cheapest year-long standalone fixes right now are about 4% LESS than the current Cap."

The rising concerns about energy bills remain high, with 88% of people as worried, or even more, than last year due to the impending cold weather.

The last year has been a slightly better one for energy customers, as prices began to ease. The government also committed to maintaining the reduced 9% VAT rate on energy bills, helping to ease the financial burden on consumers.

"Citizens Advice reports that the total energy debt owed by households to suppliers is now £3.7 billion, stressing the need for direct support from the government."

From October 1 to December 31, energy prices for an average household will experience a significant rise, impacting monthly budgets just as winter settles in.